Category: North America

The Bahamas, prior to 2024, had positioned itself as a significant player in the global cryptocurrency market. The country’s approach to cryptocurrency regulation was encapsulated in the Digital Assets and Registered Exchanges (DARE) Act, which was implemented in December 2020. This act was a pivotal move, as it not...

As of 2023, Belize’s approach to cryptocurrency regulation was cautious and evolving. The country had not established a comprehensive legal framework specifically for cryptocurrencies. The Financial Services Commission (FSC) of Belize, which is responsible for regulating trading businesses in the country, had not issued legal guidance for the use...

Overview Trinidad and Tobago’s approach to cryptocurrency legislation and regulation prior to 2024 was characterized by caution and a lack of specific regulatory frameworks. The nation was relatively behind other Caribbean countries in implementing digital currency solutions, including the consideration of a Central Bank Digital Currency (CBDC). Regulatory Stance...

As of 2023, the legislative landscape for cryptocurrencies in Costa Rica is characterized by a developing framework that aims to address the complexities and opportunities presented by digital assets. The country’s approach to cryptocurrency regulation involves considerations for taxation, legal recognition, and potential for future legislative developments.The Tax Regulations...